There was among simple people almost a curse because of following to a principle "a crone

There is a crone ". Economist I.Shumpeter during the short stay on

To post of the Minister of Finance has named the government decree, only short

Stating the law operating at that time and saying that the debts taken in
Crones when the crone had higher value, can be paid in
The depreciated crones which had, finally, only 1/15000 initial
Costs.>
Taxes and contracts
The government, of course, should have the right to define, in what monetary
Units taxes should be paid, and conclude contracts in any units on
To the choice (thus, it can support currency which lets out

Or wishes to strengthen). But it is difficult to find an explanation to why it should

To reject others it units as a basis at definition of taxes. In

Not contractual payments, such, as compensation of a damage or indemnification in a case

Tort, currency in which it is necessary to pay
Indemnification, the court should define, probably developing thus the new
Rules. However here there is no necessity for any special
The legislation.

The real difficulty arising at replacement by the monetary let out by the government

Units another, takes place in a case when the government ceases
To exist as a result of a gain, revolution or country disintegration. New
The government usually establishes a special legal regime for the private

The contracts expressed in terms of disappeared currency. If the private issue

The bank stops operations and begins incapable to redeem emitted by it
Obligations, most likely its "currency" loses values and its holders not

Can make the demand about the compensation, provided with the legal sanction.

Courts, however, can decide that in a similar case the obligations expressed in

To the given monetary unit, under contracts between the third parties concluded still

During this period, when there were bases to hope for its stability, should be

Are executed in any other currency, which use to the greatest degree
Corresponds to prospective intentions of participants of the contract.

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